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Babylon 11702 Babylon
68 Nehring Avenue
$621,000
● House - Off Market

68 Nehring Avenue

Babylon, NY 11702
bedrooms
3 Beds
bathrooms
1 Bath
$3,494
Est. Monthly
5.90%
Cap Rate

About This Property

This renovated starter home in the Village of Babylon is waiting for you and your family. It's move-in ready featuring three bedrooms, new bathroom with vaulted ceilings, 5-year-old roof, new appliances, fenced yard, sliders to a deck and central air conditioning.  Conveniently located near shops, parks, public transportation and dining. Don't miss the opportunity to own this beautiful home., Additional information: Appearance:MINT ++,Separate Hotwater Heater:N
Unit Size
-
Days on Market
60 days
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
$700
HOA Dues
-
Year Built
1950

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (OneKey MLS #KEYL3580824)

Price History

Date / Event Date Event Price
Nov 25, 2024 Sold
Premium
Sold
Sep 24, 2024 Listed by RE/MAX City Square $569,000
Listed by RE/MAX City Square
May 29, 2020 Sold
Premium
Sold
Apr 27, 2020 Sold
Premium
Sold
Mar 1, 2020 In contract -
In contract
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,200
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 520
  • Total Building Area: 881
  • Building Area: 881
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 881
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TAPAN MANOR
  • Land Acres: 0000000119
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: FILED MAP 1756 LOT 203

Neighborhood

  • School District Name: West Babylon Union Free School District
  • School Tax School District: WEST BABYLON
  • Census Tract: 124601

Geography

  • Account Number: 20230317000
  • District: 0102-0
  • Section: 8.00
  • Parcel: 0102-008.00-01.00-035.000
  • Block: 1
  • Lot: 35.000
  • Municipality: BABYLON
  • Latitude: 40.6949
  • Longitude: -73.3417

    Address

  • Full Address: 68 Nehring Ave
  • Address - House Number: 68
  • Address - Street Name: Nehring
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Babylon
  • Carrier Code: C052
  • 4-Digit Zip Code: 2426
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $805,478
  • Tax Rate Code Area: 472002

    Appraisal Valuation

  • Standard Deviation: 0.2396
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 587,334
  • High Value: 728,090
  • Low Value: 446,579

    Market Valuation

  • Market Total Value: $125,140
  • Market Land Value: $16,760
  • Market Improvement Value: $108,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,240
  • Assessed Land Value: $300
  • Assessed Improvements Value: $1,940

    Sales

  • Current Sale Contract Date: Apr 27, 2020
  • Current Sale Recording Date: May 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 14, 2017
  • Previous Sale Contract Date: Jun 12, 2017
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: 12
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Babylon

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$506

Below Asking

0.02%

Average Days on Market

88

Average Home Size

1876 ft²

Average Home Age

68.8 years

Currently For Sale

22 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 75 E Hoffman Avenue, Lindenhurst, NY, 11757

$3,725 /mo

  • 1 Bed
  • 2 Baths
  • 1,224 ft²
75 E Hoffman Avenue #3021, Lindenhurst, NY, 11757 Listing by Michelle Holmes
Unit for rent at 864 Walnut Street, Lindenhurst, NY, 11757

$3,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
864 Walnut Street, Lindenhurst, NY, 11757 Listing by Emily Kirincic
Unit for rent at 305 Nevada Street, North Lindenhurst, NY, 11757

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,782 ft²
305 Nevada Street, North Lindenhurst, NY, 11757 Listing by Janet A. Elliott

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 68 Nehring Avenue built and last sold?
The property at 68 Nehring Avenue was built in 1950 and last sold on Apr 27, 2020 for $440,000.
How much is this home worth?
The estimated value of the home located at 68 Nehring Avenue is $574,690.
What are some comparable homes to 68 Nehring Avenue?
There are currently no comparable homes to 68 Nehring Avenue.
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